Saint John’s Prep is blessed to be able to offer financial assistance through scholarships created by alumni, parents and friends.
Creating an Endowed Scholarship Fund is one of the easier ways to make a significant, positive, and permanent impact on the SJP students of today and tomorrow. A permanently endowed scholarship fund (the principal is never spent) of $25,000 or more allows the donor to name the scholarship fund as they wish. The endowed fund can be established with a pledge and then completed with payments over a period of time or with proceeds from an estate. Company matching gift programs can also be used to help complete a fund.
Endowed Scholarship Funds can be created with cash, gifts of stock or other real property, real estate, assets from an IRA, 401 (k), or insurance policy, testamentary gifts, beneficiary designations, trusts, or almost any kind of asset. A Named Fund can be created now and funded later with proceeds from an estate.
There are currently 63 permanent, named funds already established at the Prep School. Earnings from these funds are used for scholarships and other donor-directed purposes.